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Bloomberg is launching a 24/7 news channel... on Twitter

Richard Drew / AP

Bloomberg LP is launching a 24/7 news live-streaming news service on Twitter, The Wall Street Journal reports. The channel, yet to be named, is set to launch this fall. According to Bloomberg Media CEO Justin Smith, it will be focused on "the most important news for an intelligent audience around the globe."

What to expect: A mix of global live news reporting from Bloomberg and a "curated and verified mix" of video posted by users on Twitter.

Why this is different: A lot of news channels have 24/7 streaming, but the content is typically distributed on their own apps, and can be accessed by a user by signing into their account with their TV service provider. Twitter is free. Users won't need to buy a cable package to access this news channel.

What's in it for Twitter? A 24/7 live-streaming partner to drive video ad revenue. Twitter has been trying to beef up its live-streaming business, especially given the impact of live-streaming on its video ad revenue last quarter, but the company has failed to land a major contract. Most notably, its major NFL Thursday night live-streaming deal was handed to Amazon for the 2018 season.

What's in it for Bloomberg? A chance to broaden its reach. Smith says the Twitter channel will have a broader focus than Bloomberg's existing TV network, which focuses primarily on financial news. It also gives Bloomberg and opportunity to optimize its second-screen TV audience, by serving users Bloomberg content when they are flipping through their phones while watching TV or during commercials.

Self-driving lab head urges freeze after "nightmare" fatality

Uber self-driving car in Pittsburgh. Photo: Jeff Swensen / Getty

Carmakers and technology companies should freeze their race to field autonomous vehicles because "clearly the technology is not where it needs to be," said Raj Rajkumar, head of Carnegie Mellon University's leading self-driving laboratory.

What he said: Speaking a few hours after a self-driven vehicle ran over and killed a pedestrian in Arizona, Rajkumar said, "This isn't like a bug with your phone. People can get killed. Companies need to take a deep breath. The technology is not there yet. We need to keep people in the loop."

Why it matters: Virtually every major car company on theplanet, in addition to numerous startups and tech companies, are doing live testing of self-driving vehicles — and pushing policy officials to allow them to do so.

But Rajkumar said that ordinary people in addition to automakers and tech companies have developed far too much trust in self-driving technology simply because the cars have driven hundreds of thousands of miles with only one fatality before this — a Tesla driver who slammed into the side of a truck last year.

Quote "This is the nightmare all of us working in this domain always worried about."

Trump, Sessions & GOP lawmakers to meet about sanctuary cities

The White House is hosting a roundtable on sanctuary cities Tuesday afternoon with the President, Attorney General Jeff Sessions, Secretary Kirstjen Nielsen of the Department of Homeland Security, Republican lawmakers and others, Axios has learned.

Why it matters: Conservatives tried to use this week’s massive government spending bill to cut federal funds from sanctuary cities, but they failed, according to sources involved in the process. But Trump officials want to use Tuesday’s event to highlight the issue and put pressure on cities that don't comply with federal immigration law enforcement.

The roundtable guest list:

Donald Trump

Mike Pence

John Kelly

Stephen Miller

Attorney General Jeff Sessions

DHS Secretary Kirstjen Nielsen

ICE acting Director Tom Homan

Gene Hamilton, Counselor to the Attorney General

Rep. Michael McCaul (R-TX)

Rep. Martha McSally (R-AZ)

Rep. Mark Meadows (R-NC)

Sen. Pat Toomey (R-PA)

Sen. Tom Cotton (R-AR)

Texas AG Ken Paxton (R-TX)

Arkansas AG Leslie Rutledge

Members of the law enforcement community

Big picture: The Department of Justice is already suing the state of California for the state’s “radical” sanctuary cities law. And In his speech on Monday, President Trump blamed sanctuary cities for releasing criminals, drug dealers and gang members back into society, claiming that "ending sanctuary cities is crucial to stopping the drug addiction crisis."

Shortly after, Sessions announced that the DOJ had filed a lawsuit against California, and personally attacked Shaaf in his speech, saying she endangered the lives of law enforcement to promote her "radical open borders agenda."